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Indicate how each of the items listed would be handled when preparing a bank reconciliation as at June 30, 2021. Outstanding checks from the current

Indicate how each of the items listed would be handled when preparing a bank reconciliation as at June 30, 2021.

Outstanding checks from the current month amounted to $100

Answer 1Choose...Deduct from cash balance per bankDeduct from cash balance per booksAdd to cash balance per booksDoes not affect the bank reconciliationAdd to cash balance per bank

Cheque #390 for $520 was correctly written and paid by the bank but incorrectly entered in the general journal for $250.

Answer 2Choose...Deduct from cash balance per bankDeduct from cash balance per booksAdd to cash balance per booksDoes not affect the bank reconciliationAdd to cash balance per bank

Bank debit memorandum for service charges

Answer 3Choose...Deduct from cash balance per bankDeduct from cash balance per booksAdd to cash balance per booksDoes not affect the bank reconciliationAdd to cash balance per bank

Bank error in recording a company cheque made out for $160 as $610

Answer 4Choose...Deduct from cash balance per bankDeduct from cash balance per booksAdd to cash balance per booksDoes not affect the bank reconciliationAdd to cash balance per bank
An EFT of $560 was received from a customer in payment for their amounts owed.

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